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- Title
Economic events.
- Abstract
The article focuses on recent developments related to international trade. China National Petroleum Corp. has bought Calgary, Alberta-based PetroKazakhstan Inc. $4.18 billion. Swiss coal exporter Xstrata PLC has purchased 20% of Falconbridge Ltd. for $1.7 billion. Petro-Canada Inc. has obtained the permission to tap into another 40 million barrels of oil within the Terra Nova field, extending the life of the development by four years to 2025. The U.S. Federal Reserve Board has raised its benchmark interest rate to 3.5%, its 10th consecutive increase.
- Subjects
INTERNATIONAL trade; CHINA National Petroleum Corp.; PETROKAZAKHSTAN Inc.; XSTRATA PLC; FALCONBRIDGE Ltd.; PETRO-Canada (Company)
- Publication
Canadian Economic Observer, 2005, Vol 18, Issue 9, p2.1
- ISSN
0835-9148
- Publication type
Article